ALK is in the 'orphan period' of the mining cycle. For those that don't understand this concept then have a read of this link:
https://www.smallcapinvestor.ca/post/the-lassonde-curve-understanding-the-mining-life-cycle
The ALK sp reflects the orphan period and this is the worst time for peeved off holders to sell............. unless you are in financial strife and need the cash! It will take time and patience before we see the insto/strategic investors come piling into this company................. but when they do it will be a huge re-rate to the SP.
Long way to go yet................... and it would be good to do something about that selfish Chairman. Alas that is another story!
Ann: Annual Report to shareholders, page-47
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Last
43.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $262.5M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 44.5¢ | 42.5¢ | $220.7K | 505.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13953 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 6978 | 1 |
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| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| ALK (ASX) Chart |